1. Cognitive biases are the result of A. heuristics used in the intuitive proces

Question

1. Cognitive biases are the result of

A. heuristics used in the intuitive processes of the human brain.

B. the conflict between the older part and the newer part of the human brain.

C. heuristics used in the deliberative processes of the human brain.

D. deliberative processes of the human brain taking over the intuitive ones.

2.

Neoclassical and behavioral economics are generally viewed as complementary.

True

False

A. heuristics used in the intuitive processes of the human brain.

B. the conflict between the older part and the newer part of the human brain.

C. heuristics used in the deliberative processes of the human brain.

D. deliberative processes of the human brain taking over the intuitive ones.

Explanation / Answer

1. A is correct

Heuristic are simple rules people use to make judgments and this prenotions create cognitive biases.

2. True

Behavioural economics and neoclassical economics are used together and give better understanding of economic behaviour than they would do independently.

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